Chapter 6 Problem 14 -- Avon Products Using the financial statements provided below and any other information you find relevant, answer the following questions: a. What was the book value of Avons shareholders equity from 2001 to 2003? What were Avons liabilities-to-assets and times-interest-earned ratios in these years? (Use Pretax Income plus Interest Expense as EBIT.) What do these figures suggest about Avons use of financial leverage? Consulting Table 6-5 in the text, what bond rating would Avon have in 2002 if the rating were based solely on the firms coverage ratio?